Towergate launches multi-asset portfolios
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Towergate Financial has launched a range of new multi-asset portfolios (MAPs) as part of its private client toolkit.
The new MAPs provide a range of risk-rated model portfolios with passive investment management and tactical asset allocation managed by experts appointed by the firm’s investment committee.
The six portfolios are designed to map the firm’s attitude to risk outcomes. Tactical asset allocation decisions are managed by Evercore Pan-Asset, the specialist asset allocation and discretionary fund management business. The portfolios will hold funds selected from the whole of the market and will include ETFs and other index trackers.
This new range of investment portfolios are available as a core holding to clients of the firm’s wealth programme launched last month.
Administration and execution is handled by the Towergate’s new financial wealth platform.
Towergate Financial plans to launch an active range early in 2010.
Business development director Dan Saulter says: “By constructing the MAPs from the bottom-up we have been able to take out cost from the investment, creating an independent and whole of market solution for our clients that is both high quality and low cost. Since the MAPs are designed to meet our attitude to risk outcomes, clients can be confident that their portfolio will remain suitable and relevant to their needs”.
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